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0 Animal Health Market Outlook
According to the report by Expert Market Research (EMR), the global animal health market size reached a value of USD 59.24 billion in 2024. Fueled by rising awareness of animal welfare, the increasing demand for high-quality animal-derived products, and the growing prevalence of zoonotic diseases, the market is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2034, reaching a market value of USD 103.56 billion by 2034.
The animal health market plays a crucial role in ensuring the well-being of livestock, poultry, and companion animals. It includes a wide range of products and services, such as vaccines, pharmaceuticals, diagnostics, feed additives, and supplements, all aimed at preventing, diagnosing, and treating animal diseases. With the global rise in animal farming, pet ownership, and the awareness of zoonotic disease threats, the demand for Animal Health Market products is set to surge.
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Key Drivers of Market Growth
Growing Demand for Animal-Derived Products: The expanding global population and increasing urbanization have led to a significant rise in the demand for animal-derived products, including meat, dairy, and eggs. As consumers become more conscious of the quality and safety of these products, the need for healthy, disease-free animals has intensified. In response, livestock farmers are increasingly investing in Animal Health Market to ensure higher yields, better quality products, and protection from diseases that could impact production. This growing need for healthier animals directly fuels the demand for veterinary medicines, vaccines, and diagnostic tools.
Rising Awareness of Animal Welfare: Increasing concern over animal welfare and the ethical treatment of animals has driven a growing focus on preventive healthcare in the Animal Health Market. Governments, non-governmental organizations (NGOs), and consumers are becoming more conscious of the need for proper animal care, including disease prevention, proper nutrition, and ensuring humane treatment throughout an animal’s life cycle. This heightened awareness is not only encouraging investments in animal health but also pushing for the development of more sustainable practices in the agriculture and animal husbandry industries.
Prevalence of Zoonotic Diseases: The rising prevalence of zoonotic diseases, which can be transmitted from animals to humans, has significantly influenced the demand for animal health products. Diseases like avian influenza, swine flu, and the more recent coronavirus (COVID-19) have highlighted the importance of controlling animal diseases to protect public health. Governments and health organizations are ramping up efforts to prevent the spread of such diseases, thereby creating a strong market demand for vaccines, diagnostics, and treatments. As a result, investment in animal health infrastructure is expected to grow, particularly in regions where the risk of zoonotic outbreaks is high.
Technological Advancements in Animal Health: Advances in biotechnology, genomics, and diagnostics are transforming the Animal Health Market landscape. Innovations such as precision veterinary medicine, gene editing, and advanced diagnostics allow for more targeted and effective treatments. These advancements are contributing to the increased efficiency and effectiveness of veterinary products and services, improving the management of diseases and increasing animal productivity. As these technologies become more widely available and affordable, they are expected to boost the growth of the animal health market, particularly in developed and emerging markets alike.
Key Trends in the Animal Health Market
Shift Toward Preventive Healthcare: One of the significant trends in the global Animal Health Market is the increasing shift toward preventive healthcare for animals. The growing recognition of the benefits of early disease detection and prevention is driving the demand for vaccines, health monitoring technologies, and supplements. Preventive measures are often more cost-effective than treatment, which has led to the increased use of vaccinations, regular screenings, and health management programs to reduce the risk of disease outbreaks and ensure optimal animal health. This trend is particularly evident in the livestock and poultry sectors, where vaccination programs are essential for preventing large-scale infections.
Expansion of Companion Animal Care: Another notable trend is the growing focus on the health and well-being of companion animals, particularly pets. As pet ownership rises globally, with pet owners becoming more attuned to the needs of their pets, demand for high-quality veterinary care, health supplements, and pet food has increased. Pet owners are now more willing to spend on preventive care, diagnostics, and treatments to ensure their pets live longer, healthier lives. This shift has propelled the companion animal segment to become one of the fastest-growing sectors within the animal health market.
Increased Demand for Animal Vaccines: The vaccine segment is one of the most dynamic in the Animal Health Market industry, particularly as the world continues to grapple with animal-borne diseases that can impact food security and public health. Vaccines are essential for preventing a wide range of infectious diseases in livestock, poultry, and companion animals. The increasing focus on disease prevention, both for animals and humans, has spurred demand for vaccines that can protect against highly contagious diseases like Foot-and-Mouth Disease (FMD) and rabies. Furthermore, the development of new vaccines and improved delivery mechanisms, such as oral vaccines, is expected to further expand the market.
Rise of Digital Technologies and Animal Health Platforms: The advent of digital technologies in veterinary medicine has led to the development of Animal Health Market platforms that can remotely monitor and diagnose animal health. These platforms allow farmers, veterinarians, and pet owners to access real-time data on an animal’s health status, improving decision-making and enabling early interventions. Wearable health trackers, artificial intelligence (AI)-powered diagnostic tools, and data analytics are transforming how Animal Health Market is managed, offering opportunities for more efficient disease prevention and treatment. The integration of digital technologies in animal healthcare is expected to drive market growth, particularly in developed economies with advanced agricultural practices.
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Animal Health Market Segmentation
The market can be divided based on animal type, product type, end use, and region.
Market Breakup by Animal Type
- Commercial Animals
- Poultry
- Swine
- Cattle
- Sheep and Goat
- Others
- Companion Animals
- Dogs
- Cats
- Others
Market Breakup by Product Type
- Vaccines
- Pharmaceuticals
- Feed Additives
- Diagnostics
- Others
Market Breakup by End Use
- Veterinary Hospitals and Clinics
- Animal Care and Rehabilitation Centres
- Diagnostics Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
Some of the major key players explored in the report by Expert Market Research are as follows:
- Elanco Animal Health Incorporated
- Merck Animal Health
- Zoetis Inc.
- Biogenesis Bago
- Boehringer Ingelheim International GmbH
- Ceva Sante Animale
- Heska Corporation
- IDEXX Laboratories, Inc.
- Virbac S.A.
- Vetoquinol SA
- Others
Challenges in the Market
North America: North America is one of the largest markets for animal health products, driven by the high demand for animal-derived food products and a strong focus on pet care. The United States, in particular, is a leader in animal health, with a well-established veterinary care system, a large pet population, and a high level of awareness regarding animal welfare. The prevalence of diseases in livestock and poultry, along with the growing trend of human-animal interactions, contributes to the strong demand for veterinary vaccines, medicines, and diagnostic tools. The region also benefits from a robust regulatory framework and continued investment in animal health research and development.
Europe: Europe is another major market for animal health, with countries like Germany, the UK, and France contributing significantly to the market’s expansion. The region has a strong focus on animal welfare, disease prevention, and food safety, which has driven the demand for veterinary products. The rising awareness of zoonotic diseases, along with the increasing pet adoption rate, has also contributed to the growth of the animal health market in Europe. Furthermore, the European Union’s strict regulations on animal health and welfare have created a favorable environment for the growth of the industry.
Asia-Pacific: The Asia-Pacific region is expected to witness the fastest growth in the animal health market over the forecast period. This growth is driven by the rapid expansion of the livestock and poultry industries, particularly in countries like China, India, and Japan. The increasing demand for high-quality animal products, the growing awareness of animal diseases, and the rising middle class in these countries are significant factors propelling the market. Moreover, the increasing number of pet owners in countries like China and India is contributing to the demand for companion animal healthcare products.
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